Live cattle futures settled the day steady to 65 cents higher. Feeder cattle futures were mixed, with front month March up 25 cents and other nearby contracts lower. The CME feeder cattle index was up 6 cents on March 12 at $139.08. Wholesale boxed beef prices were mixed in the Wednesday afternoon report, with the Ch/Se spread widening to $8.96/cwt. Choice boxes were up 2 cents at $228.24, as Select was $1.07 lower @ $219.28. USDA estimated the WTD FI cattle slaughter at 354,000 head, up 4,000 wk/wk and 3,000 larger than last year. FCE’s online auction saw no sales on the 755 head offered on Wednesday, with bids of $126.50 passed by feedlots. Cash trades on Wednesday were reported at $127 across most regions.
Apr 19 Cattle closed at $126.675, up $0.025,
Jun 19 Cattle closed at $119.325, up $0.650,
Aug 19 Cattle closed at $115.625, up $0.150,
Mar 19 Feeder Cattle closed at $141.550, up $0.250
Apr 19 Feeder Cattle closed at $144.125, down $0.275
May 19 Feeder Cattle closed at $146.075, down $0.025
--provided by Brugler Marketing & Management